Wall Street bankers’ bonuses leapfrog City in ‘less impressive’ year Banking Wall Street bankers have leapfrogged ahead of the City as the industry’s swelling bonus pot proved “far less impressive” than prior expectations. In the US, the average bonus scored was $154,344 (£114,00) in 2025, marking a 5.85 per cent uplift from the year prior. This also topped the industry average growth of 4.4 per cent. [...]
Grounds for expansion: Airwallex’s Europe chief bets on London in licence pursuit Fintech As payments giant Airwallex laid out plans to double down on Europe, they turned to a man with experience at a multi-billion dollar deposit holder. The $8bn cross-border specialist was looking for someone to steer the ship amid expansion plans across Europe but in that endeavour didn’t poach a veteran of Wall Street or the [...]
Nigel Farage: Reform will tax the banks even if they don’t like it Banking Nigel Farage has confirmed Reform will slap a tax on the UK’s banking giants in the latest dramatic escalation of his party’s tensions with the City. Speaking at the World Economic Forum in the Davos, Farage said: “This will be tough for banks to accept but I am sorry – the drain on public finances [...]
Office demand outstrips construction as new starts plummet January 20, 2026 New London office construction starts have fallen to their lowest level since 2004, just as businesses up their demand for workspace, says Joanna Hodgson On a frosty Wednesday last week, the famed panoramic view from north London’s Alexandra Palace, featuring a host of landmarks including the Shard and HSBC Tower, had an abundance of cranes [...]
Galvin La Chapelle launches menu to celebrate Toast award January 15, 2026 I have written about restaurants for this newspaper for some 15 years – but my latest visit to City institution Galvin La Chapelle was a first: reviewing a menu designed to celebrate winning a City AM award. Last year we hosted the first Toast the City awards, celebrating the things that make the Square Mile [...]
Lady Mayor’s Show: Dame Susan Langley champions innovation in the Square Mile November 8, 2025 On Saturday, for the first time in nearly 700 years, the City of London’s Lord Mayor’s Show has been renamed the Lady Mayor’s Show. This follows the election of Dame Susan Langley DBE as the 697th Lord Mayor of London. While she is the third woman to hold the post, Dame Susan is the first [...]
Richard Tice pledges ‘Big Reform’ of City regulation November 5, 2025 Richard Tice has called on City leaders to draw up proposals to radically cut regulation and introduce an overhaul of major financial institutions across the UK as he called for a “Big Reform” of financial services. In an echo of Margaret Thatcher’s Big Bang programme on deregulation, the Reform UK deputy leader set out the [...]
Merge London Stock Exchange and Nasdaq to save City market, says fintech boss September 26, 2025 The boss of a UK-born fintech unicorn has called for the London Stock Exchange (LSE) to merge with New York’s Nasdaq in a bid to save the City market’s future prospects. “It’s completely broken,” Barney Hussey-Yeo, founder of AI fintech Cleo, told City AM when asked about the recent string of delistings. Hussey-Yeo, a data [...]
Destination City: The future of London’s financial hub September 24, 2025 Tom Sleigh on the Future of London’s Financial Hub. 1. Tom, it’s been a few months since you’ve taken on your role as Chairman of Planning and Transportation for the City of London Corporation, what has surprised you most about the position? The scale of activity and its positive impact on developer and investor sentiment. [...]
Shawbrook expands loan book ahead of mooted London float August 7, 2025 Specialist lender Shawbrook expanded its loan book in the first half of the year helping profit soar. The bank – which is owned by private equity firm Pollen Street Capital – recorded a 35 per cent jump in profit before tax to £168.6m as its loan book grew 14 per cent to £17bn. Deposits were [...]